A – 074 Is it true that I am required to submit a budget revision requesting prior approval if I transfer 10 percent or more from one budget category to another?
No. A grantee is required to submit a budget revision requesting prior approval when the cumulative transfers among direct cost budget categories would exceed 25 percent of the total approved budget (which includes direct and indirect costs, whether chargeable to Federal funds or required matching or cost sharing) for that budget period or $250,000, whichever is less. Requirement HHS Grants Policy Statement (GPS), Part II.
